AMERISAFE INC (AMSF) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	8-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues			293.9	307.0	315.9	325.8	335.7	343.7
Revenue growth			-12.5%	-10.7%	-6.9%	-5.1%	-4.5%	-3.0%
Loss and loss adjustment expenses			166.9	159.0	160.8	137.9	148.0	153.1
Other operating expenses			71.7	70.7	75.7	74.8	70.7	73.3
General and administrative			19.4		26.0	26.0	26.8	27.5
EBITDA			53.2		78.2	112.5	116.3	117.5
EBITDA margin			18.1%	24.5%	24.8%	34.5%	34.6%	34.2%
Depreciation			0.8		1.0	1.0	1.0	1.0
EBIT			52.4	74.4	77.2	111.5	115.3	116.5
EBIT margin			17.8%	24.2%	24.4%	34.2%	34.3%	33.9%
Interest and other income (expense), net			1.9		2.5		2.2	1.1
Other income (expense), net			1.7		2.2	1.6	1.8	0.8
Pre-tax income			55.2	77.2	79.4	113.1	117.1	117.3
Income taxes			9.1	13.5	13.7	22.4	22.2	22.2
Tax rate			16.4%	17.4%		19.8%	18.9%	18.9%
Net income			46.1	63.8	65.8	90.7	94.9	95.1
Net margin			15.7%	20.8%	20.8%	27.8%	28.3%	27.7%

Basic EPS			$2.39	$3.30	$3.40	$4.70	$4.92	$4.93
Diluted EPS			$2.38	$3.29	$3.39	$4.68	$4.90	$4.91

Shares outstanding (basic)			19.3	19.3	19.3	19.3	19.3	19.3
Shares outstanding (diluted)			19.4	19.4	19.4	19.4	19.4	19.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.